Dear Sirs,
We would like to inform you that the Board of Directors of ALKIS H. HADJIKYRIACOS (FROU FROU BISCUITS PUBLIC LTD), at its scheduled meeting of 24 September 2020, 10.30 a.m:

a) Examined and approved the Group’s condensed interim consolidated financial statements for the half-year ended 30 June 2020, which have not been audited by the Group’s external auditors.
Copies of the full text of the condensed interim consolidated financial statements will be available to the shareholders, free of charge, at the Company’s offices, 115 Gregori Afxentiou Str., 2660 Kokkinotrimithia, Nicosia. Copies of the full text of the condensed interim consolidated financial statements have also been posted on the Company’s website
www.froufrou.com.cy under “Financial Information”.

b) The Board of Directors will propose to an Extraordinary General Meeting of the shareholders the payment of a final dividend for financial year 2019 of €270,000 (2019: €1,047,923), which corresponds to €0.00273 per share (2019: €0.106) or €1.05% (2019: 4.08%) of the nominal value of the Company’s share capital. The Board of Directors has decided to follow a more conservative approach regarding the payment of dividend in order to safeguard profits and liquidity, in view of the increased uncertainty caused by the impact of the coronavirus
pandemic in both the Cypriot and the global economy.


The Extraordinary General Meeting will be held on Friday, 23 October 2020, at 5.30 p.m., and the proposed dividend will be put to the approval thereof. 

FOR ALKIS H. HADJIKYRIACOS
(FROU-FROU BISCUITS) PUBLIC LTD

Ariadne Samuel

Financial Controller